tv Q A CSPAN March 21, 2011 6:00am-7:00am EDT
it was a challenge, but it was an exciting time. everything be read, you would want to run home and talk to your kids in the family about it. >> they discussed the department of homeless security tonight at 8:00 p.m. eastern on c-span. >> this week on "q & a," kathryn wylde for partnership of new york city. the goal is to improve the economy of the largest city in the country. >> kathryn wylde, what is the partnership for new york city? together what was put after a crisis and said that we almost lost new york and we want to organize business to be
really committed to caring about a great new york city and keeping it that way. >> how big of an organization is it? >> in terms of size, we have 50 employees and about 300 members that represent the top c.e.o.s of the new york and metropolitan region. >> i know that is hardly 300 and what are the big names? >> we have immediate c.e.o. of macy, and murdock of news corporation and most names of the fashion and retail of new york.
>> i have a quote that you uttered in 2009, you said it's not an easy time to defend rich. i guess it never is, and we have the millionaire tax and we have to think about our society in complex ways. being part of the global economy is the key to what brought our city and america and the world's greatest cities back into economic health. if you recall in the 60's and 70's we were writing off urban america and the cities were on fire and have no hope. and then wall street came along and help discovered and build a global economy. providing capital to the economies of the world. and with wall street's re-
emergence, new york city was pulled into the economy and became the gateway and has prospered by the rich, new york and america has done well by the rich. >> how big is this place? >> 8.2 million people in terms of our population that were about a million writers than two decades ago. >> if you have eight million people, you are larger than a lot of states, why do people want to live in this dense area? >> i think that people want to one live in a place that is showing leadership, and new york has long attracted people from around the world. top talent from around the world to come here. for people like myself i came here from wisconsin. they say in new york, new york
is made up of people that didn't fit in where they grew up. so it's a diverse community. i know that's what i fell in love with when i first came here, after my freshman year in college. i found it so diverse and exciting and meeting new people and that's what draws people. >> where did you go to college? >> madison. i would like to of going to the university of wisconsin but my folks thought i would be better in northfield minnesota. >> was the difference of living in madison and new york? >> i refer to the midwest as being homogenized as compared to
new york. >> and did you go to school? >> i was raised in a county, so i would have liked to go to the university of wisconsin, but my parents thought i would better off going to saint luke college. >> so what is different from madison and new york? >> i refer to it being homogenized as compared to new york, it's truly the diversity and the pace of new york that make it different. the density. you know where i grew up, you were in single family houses. and you couldn't hear what was going on next door. when i first moved to an apartment in new york, and you could hear every fight. i heard a wife tell the husband she was pregnant. you couldn't miss a thing. so new york is kind of fun that way. >> how did you get involved in this organization and how long? >> i got involved in the partnership when it was first launched by david rockefeller, he was someone who was committed in keeping new york city accessible to the middle class. and he -- the first project he
wanted to undertake was to rebuild the city's neighborhoods that had burned down and deteriorated. and he wanted to recreate the city's neighborhoods. he wanted to provide homeownership opportunities for people living in low public housing. and he really wanted to rebuild the neighborhoods of the city. and it was a time when the city had no money. it had just come out near bankruptcy, and didn't have any budget to finance anything. but they had a lot of vacant land and a lot of unused urban areas. and property that was lost by abandonment. so the city had that resource and rockefeller looked at that base and we would get private
sector builders to build the first private/public partnership. and i was introduced two labor leaders, the head of the city council and electric union, and peter brandon who was president nixon's labor secretary and head of the construction trade. and they had a partnership with the rockefellers, and worked closely on pro-construction and pro-development efforts and they introduced me. and they said that the person that writes the paper makes the presentation. and i was 20 something, and went and made the presentation. and they said fine, and now mr.
rockefeller said now we will hire you to do it. and i went to work there after non-private work and then set up a program to work in partnership with the city and state and most major banks. and created a home building industry in the city that rebuilt neighborhoods. >> how successful were you and how friendly to the middle class now to come here? >> well, too successful, when we started in the early 80's, there wasn't a place in the city where you could sell a home or rent an apartment for what it cost to build it. so there was a very weak market. and we had to go in and create markets.
within 15 years there wasn't a neighborhood in the city where you couldn't sell a home or rent an apartment for significantly more than it cost to build it. the market came back. part of the that was the successful efforts by the city to get hold of the crime problem in the 80's and 90's. but by the end of the 90's the neighborhoods of new york city were a victim of their own success. suddenly they were unaffordable. even in the remote regions of the five boroughs and the question if it's time to get back. how do we keep housing affordable in the city today? >> you mentioned boroughs of the numbers for manhattan and bronx
i think it's somewhere 1.3 million. maybe off a little, but for someone who has never been here, what is new york city? what are the five boroughs and how does that work together and make up the 8 million people? >> the economy is manhattan and south of sixth street. it's a dense, economic environment that generates a regional gross domestic product for the region. if we were a country, we would be number 11 in the world in terms of size of our economy.
that's the economic region. the local economy is spread across the five boroughs with small business and retail and hospitals and colleges. and so our job base is spread across five boroughs and some communities that came together and that's new york city. and in manhattan and then the boroughs provide retail and neighborhood shopping, etc. >> how does one become a partner of new york city? >> it's by invitation, our membership is the chief executives of the companies that have a substantial influence in new york city. and mr. rockefeller's principles and the engagement
and involvement is that you have to be involved and not just send a check. we attract business leaders that want to come to the city and spend their time and get involved with the issues that affect the city. and that's become much easier in the last 10 years, because one of our partnership members, mike bloomberg became mayor bloomberg and he's attracted everyone who is serious about international business. and understands the importance of the city. i think what david rockefeller saw in my mind he was one of the first to articulate was that a global economy, international
business depends on a great world city. that has deep and diverse pool and has an excellent transportation system and connected to the world. and has an communication system. and david rockefeller saw that and wanted to commit, and knew it was in business self- interest to build a great city. and mike bloomberg is the ultimate example of a great international leader and has brought all sorts of interests. has been a magnet for attracting business interest in commitments to the city, philanthropic and engagements with the city and public education as well as university education. we have flourishing research &
development activities. and glenn hutchins who is a noted venture capitalist or priority equity firm. did the analysis and said that the jpmorgan chase has more i.t. than microsoft. people don't think of new york as a center but we are at the forefront of the next center, we are much more increasing in r & d and technology center. >> there is another world that you are involved in and we most don't understand is the new york fed, how are you a member of that board? are there nine members? >> the federal reserve bank has
a region bank for this part of the state and puerto rico, the new york fed is the bank and run by phil dudley, and he approached me about becoming one of three public members. there are nine members of the board. formally the three public members are appointed by the board in washington. the others are elected by the banking members that own the central bank. so we -- so i got involved almost two years ago now. and was both honored because it's a very important institution. but also have enjoyed what i
have been able to learn about sort of the how the overall economy works. how the new york fed takes lead on many aspects in the open market committee and market policy. and of course we have the financial crisis and the new york fed took an unprecedented rule in helping to restructure the country's financial system and the regulatory system. so it's an amazing time to be a part of institution. >> explain the national federal reserve board is the government and the new york fed is an independent private bank. but yet there is -- >> no, it's part of the central bank, there are regions a part
of the banking system. >> but the board is private. >> they are owned by the shareholders or actually bank, you are right it's private in that sense. but it functions as the arm of the central bank of the public bank. >> how often do you meet? >> we meet once a month with the exception of july and august. and we have phone calls in between, conference phone calls. >> what kinds of things are you asked to vote on? >> well, most of the actions are advisory in nature. the board is really providing input to the president and the staff of the bank in terms of our understanding of what is
happening in the local economy. and in the regional economy. so most, most of the work is advisory. i mean we vote on the election of the president of the bank. which is probably our most important job. and we vote on the recommendations with regard to monetary policy and what will happen with interest rates. but that's based on the expertise and the expert advise of the president and his staff. >> what kind of things do you feel strongly as a board member? and they know that kathryn wylde is going do this? >> i would say my main contribution is trying to help the fed be more accessible to the average person. to help people understand what it does and how important it is. the fact that the new york fed
is the banker to the central banks of the world. the golden arm basement of the new york fed is not american gold for the most part. you can go down and see the names of every country in the world that have their gold stashed there because they trust that institution. and i think for a long time the american people and we saw this play out a lot during the discussion of dodd frank, that there was an misunderstanding of the role of the fed and its importance. my main job is to try to push as much information as what we are doing. the fed has done an excellent job of helping america recover from the financial crisis. i think they have not gotten as much credit as they deserve. i would like people to understand how important that
role is and how successful it's been in stabilizing a country and promoting economic recovery and growth. >> you have members of your board that are members of the fed bank in new york. jamie diamond and others. >> jim tish is anothers yes. >> how do those two men get on that board? >> the banker, jamie diamond and the industry representatives, jim tish were elected by the bank shareholders. >> who owns the bank shares? >> bankers. ok if this is a radio show in the united states, and you are accused of being a part of a carbal and what do you say to that? >> i say in this country we are
fortunate to have a system that is an interplay between government and public institutions and private expertise. and the structure of the fed is set up so that our public bank that is provided for guiding the economy, has this network of relationships with the financial community and the industry community to feed in constantly updated information about what is going on. and then there are some members of those boards of the regional banks across the country, like myself and the immediate past chairman of board is dennis hughes that is a labor member. so members are on the board to provide input on what is going on in the communities and the public and private sector and what is happening in the labor community. and that's the genius of what
has made this a great economic power. we haven't had government trying to run things. we haven't had a central bank that was all knowing. but we have a central bank that took information from banking and industrial sector was the economy, and it served us pretty well for many years. and under the restructuring and the new initiatives going forward under dodd frank i think it will serve better. >> how does it benefit from dodd frank as it refers to the central bank? >> number one, they doesn't screw it up too badly. and two, there is a public function that is in place now and there will be more opportunities for banking
institutions to interface on issues that directly affect consumers. so hopefully we can avoid the kind of problems we got into with sub-prime mortgages and we have an earlier warning system on those. and i think that's a plus. and i think that we will end up seeing that our big, important international banking institutions survive. but that they are regulated in a way there is more transparency, you can see what is going on, and incentive compensation is more related to reality, things like that. >> not to pick on one man, but why should we watch a jamie diamond run is it the biggest financial institution in town, jpmorgan chase? >> probably right. >> and serve on the board of the fed and setting rates,
isn't that a conflict? >> again the board doesn't set rates but tells what is going on in the economy. and who has a better vantage point on the economy than jamie diamond. from where we hits and the consumers and the businesses that bank with him. he's able to provide great real-time information on what is happening in a major portions of our economy. and that's complemented by the other members, as i said from the public and organized labor and from industry who give their own perspective. and a big part of what we do is share those points of view. and the other bank boards from around the country are doing the same thing. the board includes one big
banker, and now that's mr. diamond. and they are term limited so they serve a seven or eight year term. and a smaller bank representative, we have banker from upstate of new york. and there is also a mid-sized bank. and in this case now that's represented by richard cavalon, the c.e.o. of bank popalard. and from puerto rico and people from industry, and emily raferty joined the board and from the museum of new york, and we share those perspectives. and then that becomes
information that the bank officer, the president of the bank use when they think of judgments on what is going on happen with the interest rates. >> what kind of things do you vote on that would change people's lives? >> at the board level i would say we do not vote on anything that would change people's lives directly. because those decisions are made by professionals. our role is advisory. as long as we have put and supported great professionals in there. i don't know if you remember during dodd frank there was one recommendation that the president of the united states should support the regional fed federal reserve banks. and we felt that was not to be part and don't see this a part
of the washington operation. they see it as a highly professional operation and we have to keep it that way. >> but if things are not going the way you want them to go, where does your vote change things? what is the power of the advisory board, you must have some power? >> as i said we appointed president. >> could you rescind that? >> i suppose we could make that recommendation. >> and would have need a majority for a dispute? >> yes, it would be a majority if we had a dispute. we haven't. the board is really there to
represent the broader community industry financial community. to really provide input to the bank. that's why i say it's a great example of a truly american institution where it's not the government thinking it knows everything. it's the government looking to a variety of community and priority sector interests that are smart on various areas of the economy to come in and give their opinions before the government makes its monetary policy and our role is to help with that advice. >> how many people work with the fed? >> 2500 probably. >> do they get a government check or bank check? >> bank check. >> in other words from washington. >> yes. >> so they are a u.s. government employee. >> yes.
>> what is left after the recent financial crisis that has not been righted in your opinion? >> well, the regulations associated and the specifics of how various financial instruments will be treated and regulated are still under negotiation. the treatment of how bankruptcy proceedings will affect the rights of creditors is still up in the air. there are still many areas of dodd frank there were left for studies, commissions and further review that haven't happened. everyone in new york, we have two-thirds of the biggest hedge funds are here in the metropolitan region, and they are wondering how the tax decisions will affect them. there is a whole range of uncertainty about what the roll-out of the regulations will
do. and that, i think that has a role in retarding investment and job creation in the economy. that you got many financial people standing on the side. i think its had a role in making credit slow to come back for small business and home buyers. there was a discussion in just the last couple of months about whether, about banks and their capitalization requirements. and if you didn't have 20% down to buy a home, the banks will have to treat you with higher risk capital. if you can't put up that amount of cash equity. and having worked much of my career to rebuild urban
neighborhoods and to try to bring here in new york the house of preference communities of microcity is a two to three family home. and its rental units and nothing is more secure than rental apartments. and if this if you have a two- family home that would cost hundreds of thousands dollars and you would have to put up $100,000, and most working families don't have that cash. and it will change if those requirements go through and we don't have lower down payment mortgages because we are overreacting to fears in the subprime scandals. i think mistakenly, but it's a
big threat to homeownership and to our urban neighborhoods. >> when will that 20% figure be finalized? >> they are talking about it now. >> who decides? >> it will be -- well, there are a combination of decisions but it's the combination of the regulators and the fed and the commission will decide together. of course it's part in parcel about the decision about fannie mae and freddie mac, because that's a critical source of mortgage financing our country without fannie mae, where will we get 30-year mortgages from? very unclear, there is a lot happening that is not resolved and it's a challenge of how we functioned as a country.
>> i want to ask about the 13 cats and 10 dogs or are there more now? >> [laughter]. >> and that life you live outside of new york city. >> well, what you are referring to brian, i have a home and a husband and a menagerie in puerto rico that i visit on a regular basis. but we have many -- many dogs and cats have adopted us over the years. have shown up hungry and we try to find homes for them. and when there is not another home, it's ours. but in puerto rico, that's ok, because the weather is great and it works out fine. >> when did you meet your husband? >> early 1970s.
>> when did you get married? >> that's a good question. 2002. >> and why the bifurcated living situation, you him and him in puerto rico. wantss puerto rico and to live there. >> how often do you go there? >> every month. it's three hours and 15 minutes and jetblue is the hometown airline and that goes well. >> how did the puerto rico response for the fed get under the new york fed, who placed it there? it's out of sync.
samet really, it's the region for hud and the epa, puerto rico is part of the new york region in all of those. i think it's our sixth borough. >> there are a lot of puerto ricans that live here. >> yes. >> and and i think i read there are hundred of languages in new york city? >> yes, and everyone can feel at home, someone who speaks your language. >> it's the largest speaking jewish community in the united states, and something like a quarter of the south asians in the united states live here. >> that should be right. >> if you were to go -- let's take it in threes.
if you were to go visit your mayor in new york city mayor bloomberg today, and he said, kathryn wylde what can i do for you, what would you say? >> that's a good question. well, a few years ago i would say serve a third term. but he's doing that with our support. i guess it is to -- well, what i would ask the mayor is how we can help him finish off the work he started with school reform. with sustainability and making this a green community. and with making us a center of research and technology as the economy i described. the mayor has undertaken and large game-changing initiatives for new york city.
and it's hard to get it done. takes time. and you know it's turning a battleship when you bring major change to a city like new york. and he's done that in a number of ways. and i don't think it's anything that i would ask him for besides how can we keep this going. how can we keep progress going and engage more efforts over the long-term. because his term is up in less than two years now. and we want him to keep many of the good things he got started going. >> did you think he should have run for president? >> no, liked having him as mayor. >> there are a third roughly of the taxis or 3,000 taxis that are hybrids. is that something that the city government encourages and they get a tax benefit for doing that?
>> they have tried to encourage it, and they have tried to mandate it. but in fact have not been, some of the that was litigated by the taxi drivers that didn't want to be mandated. it's encouraged and supported but i don't think it's a tax break. >> if you were to see the governor, andrew cuomo in albany, and said the same thing, what can i do for you and what can i change? >> in the case of governor cuomo, i would say keep up the good work. he campaigned on budget reform and ethics reform. bringing economic investment, making new york state a stronger economy, building jobs. and he's been amazing in going forward, taking on really rough
challenges that in other states, like my home state of wisconsin has blown up into armed camps. in new york the governor has been working collaboratively with all sectors of the community, trying to bring everyone in. and we are seeing real coordination, communication, people trying to work together. rather than standing at the barricades and taking each other on. i think that governor cuomo is doing an amazing job. and he's in the home stretch, our fiscal year ends april 1. and i think it's possible that he is going to workout with the legislature and the various stakeholders and from business and the community. i think he will work out where we have a positive change and
everyone is participating. even though new york is one of the dozen states with a work situation, we have a 10 billion deficit and have the highest education costs and highest taxes in the country. he's got a huge challenge that he inherited. but he's said from the beginning, i am going to work with everyone and bring people to the table. and in the health care arena and have to figure out how to bring it down. and met with many people and they came with a plan to cut the budget by 2.5 billion dollars in the health care area.
that everyone agreed to. well, not everyone but the task force was strong and recommended to the governor and said that's my program, i will go with you. it's totally different from leaders or governors who have gone in and said, it's my way or the highway. >> you had the largest number of leaders in history, but if you come to the city it's horrendously expensive in certain areas. you can go to the outer area and it's not. how do you keep this up and how much farther can it go. and over the years everyone that has come here, and it dipped down after 9/11 and you can spend 20% of a hotel bill on taxes.
>> yes, actually mayor giuliani brought the hotel taxes down. and was able to demonstrate he was earning more revenues with lower taxes because people came back and we got lots of new hotel rooms built. and that was a good lesson in how high taxes do not always yield good revenues. the tourism industry, mayor bloomberg's goal is that we hit 50 million. and we have high costs and congested airports. and we are responsible for two- thirds of the air traffic delays come out of our airports. so that's really the limit. now right now there is an experiment going on with f.a.a. and jetblue to see if we can put in new equipment.
go away from our 1960's air traffic system and update it and be able to greatly expand the number of flights. and get rid of delays and move air traffic in and out. and that's a big deal in tourism industry, because time is money. and in terms of affordability, i was talking to someone at a party friday night and she told me she retired and has a guest house in harlem and loaded for opportunities and you can go to ethic neighborhoods. and my neighborhood has local
accommodations and we have wonderful restaurants and legacy and italian and best mid east food in the city. >> and i have heard that over the years a lot of people don't want to bring their conventions because of the unions and in the case of the cable industry pull cables. >> this is great, you are giving me an opportunity of everything we fixed in the last two decades. and new york had a problem with our feather bedding and under costs was fixed.
>> how. >> they came down like a ton of bricks on illegal activities and kick-backs and practices that have been going on for a long time. and cleaned it up. and basically said, we have to fix this for the good of our economy. and got it done. the -- and we now have both at the state level and at the city level we have a convention and tourism bureau that is doing a terrific job of attracting and marketing. and also keeping an eye on what is going on here. and making sure for example, where the cabs were overcharging. and that stuff is cleaned up and is there a strong enforcement.
again under the bloomberg administration tourism industry has reached a whole different level. we are the number one tourism destination in the country, we have surpassed orlando and want to keep it that way. >> so, you have visited the mayor and the governor and now go to the president or congress, and what do you tell him what you don't want as much as you do want? >> in this case there is a long wish list when we get to washington. what we would love to see from washington is immigration reform. something that allows this country to operate on a much more market-driven approach to immigration. we have a very difficult time getting appropriate and timely visas and green cards. we are sending graduates of our great universities that we have
trained and sending them back to their countries for lack of a green card. we are not as open as we were, and part of that is post-9/11, but in general we think that our society and future economic growth depends on a rational immigration policy and dealing with the problem of the people here illegally. to find a path of citizenship for them and their kids. we have undocumented people that are here and have jobs and only here because there is work for them. and their role is important here. we have to figure out how to fix that. and looking forward we want to make sure that we get more control over immigration.
so it's a tough battle. but i think that from the standpoint of this country's future, i think 40% of new yorkers are foreign born. that is our feeder system. that's our source of talent and it is for this country. and always has been. and we think that's a big problem that has to be solved. >> what is a rational immigration policy? >> it's one that reflects policy that is not emotion but it's practical. the problem of the people here, it shouldn't be an emotional amnesty, you can't throw 13 million people out. you have to figure out a practical solution, we have to make sure to sealing our borders for future immigration situation.
and we have to figure out a way to make that you are sure that needs are documented. and to keep top talent here and not send them packing. >> if someone comes to new york city and they are not legal, what do they have access to and what i am getting to, can they go to school? do they have access to medicaid and all the social contract things? >> not all. not all. but definitely they can go to school. and new york city does not go after them. and tries to bring them in. but no, technically they are not eligible for medicaid but they can go to our public hospitals and get service or to any hospital and get service. >> you said first of all, rational immigration policy and then practical immigration policy. >> in my mind they are the same
thing. >> and my question is give a specific, does it add up to amnesty? >> for people that are here and working citizens and have not committed a crime and willing to learn english. i would not call it amnesty but earned citizenship. but that's the option for those who are contributing to our society in a positive way, absolutely. >> what about if you are coming here illegally after this, wharf is decided. what then would be your remedy? >> clearly if you intervene early it's a lot easier to deal with on a case-by-case basis. that would have to be a system for quickly identifying people. >> if they don't? >> if they don't, i have to
leave that to debate in congress. >> because you know you came from wisconsin. there are a lot of people outside of this area where there haven't 40% of people living in other countrys and live there and don't want to pay for amnesty and people coming from other lands, and the issue is strong on both sides. >> it does, although i have found people across the country. we have a network of business associations around the country. and when we talk to our colleagues in colorado or minnesota, they all recognize how broken our immigration policy is. and we got to figure out a better way to handle it. if you -- i was up in quebec recently and visiting with their officials. and canada has a much more practical approach, and they
welcome people. and that's the way we have functioned in the past. and based on the needs of our economy and the globalization of the economy, we have to keep doing that. i talk to small businesses that would like to go global. they need someone who speaks languages, who knows the culture, who can market for them. they can't get visas in or out, and it's difficult. and similarly for countries to invest in jobs, and many of them have a terrible time and like a third of people from china to invest and create jobs are turned down and not able to get through the immigration process. it's broken in a lot of ways.
and there are many parts of the policy that are a huge problem for the economy. >> you have been over 30 year for the partnership for new york city. >> i guess so. >> and you told us earlier you have 50 people. what kind of money do you have to raise every year? and i know you are involved in other associations to raise money too. >> yeah, our annual budget is about $12 million a year. >> and what do you spend that on? >> mostly people. >> and do you lobby yourself? >> i do. >> do you have to register. >> well, not in washington, i am state and city. >> what is the hardest part of your job? >> the hardest part, i guess the hardest part is wanting to get more done and having to limit, in my job because i work with people who are well-known
as top international business leaders. and because i am accessible. people who have needs and have concerns and want a job for their kids. i get calls from all sorts of people looking for help for access. to what they perceive as opportunities. and it's just impossible to respond to all of those requests. and so i guess that's my biggest, i like that least about my job, have to say no to people. >> and go back to that phrase, it's not an easy time to defend the rich. obviously you are around a lot of rich people. if you were in a closed room and they asked what about rich people and as it relates to this country.
what advise would you give them? >> i guess, i consider david rockefeller as a model. i used to take him to visit the houses on the program he established. and i would introduce him to people in the community, and people who bought the homes and local tenants. because there was no one that he couldn't talk to in a natural, easy way. because he didn't see himself as separated by wealth or fame. or his own society. so i guess, i think that model and that tends to be the way that many of the people that get involved with an organization like ours are. they are really interested in
people. they don't see themselves as separate. they see themselves as part of a community. and they are probably unusually driven by the desire to be successful. a lot of type "a" personalities. but they don't see that as making them better than anyone else. so i think it's to get out and meet diverse people and make sure they understand that -- i mean what is great about america is. and i see this in contrast to some european societies, we are not a class- driven society. and the people that i work with regardless of their wealth tend to be very down to earth. interested, committed people that care deeply about the issues facing americans and facing the world. but i think we tend to get so
busy and into strata, where we are not out there enough relating. what i love about my job, yes, i can have access to some of the wealthiest and most successful people in society. but i am also very much of the part of all aspects of our community and have the opportunity to be constantly in touch with young people coming up and entrepreneurs that are struggling to make it in new york. so i got, i think that we should all -- those of us who live in new york have the great advantage to cut it through it all and see every sector of our society. and that's what i think they should do. >> kathryn wylde, president and c.e.o. of the nonprofit partnership of new york city, thank you for joining us.
>> a dvd copy of this program, called a number on your screen. for free transcripts or to give us your comments about this program, visit us at qnda.org. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> next, live, your calls and comments on "washington journal." then we will have remarks by president obama in santiago, chile.
tonight on c-span 3, a white house summit on bullying the tree michelle obama and president obama would discuss his own experiences with bullying as a child. >> as adults, we all remember what was like to see kids picked on in the hallway or the school yard. with big ears and the name i have, i was not immune. [laughter] i did not emerge unscathed. because of something that happens a lot, and something that has always been around, sometimes we turn a blind eye to the problem. >> y to the white house bullying summit tonight at 8:00 eastern on cspan 3. the >> this morning, and jack spencer takes a look at the nuclear situation in light of